NNDKP Tax Advisory Services at Tax EU Forum 2019

Between 14 and 15 February 2019, NNDKP Tax Advisory Services will be at Tax EU Forum, organised by Evensys in Bucharest.

Romanian Tax Talk

Marius Ionescu, Tax Partner and one of the Coordinators of NNDKP Tax Advisory Services, featured in an exclusive article in Business Review focused on Romania's fiscal regime. "The profit tax of just 1 percent for companies with a turnover under EUR 1 million, the 5 percent tax rate for dividends, the 10 percent income tax applicable on capital gains on exit and the special tax provisions for holding firms make Romania an attractive market for startups at regional and European level", says Marius. To read the entire article, please visit Business Review.

Romania Doubles Down On Online Tax

Have the Romanian government priced online operators out of the Romanian market with this new tax?Over the festive break, the Romanian government introduced a series of new taxes and financial caps aimed at improving the welfare of Romanian citizens, targeting areas including banking, retail, alcohol, tobacco and local infrastructure. Among the new taxes introduced was a 2% tax on egaming operator turnover, which will now be paid by operators in addition to the 16% tax on gross gaming revenue currently being paid, meaning that operators will now pay a total tax of 18% from 2019. It was…

Recent Greek Tax Highlights

In their December newsletter, KG Law Firm introduces the recent Greek tax highlights: Reduction of Corporate Income Tax rate On 30 November 2018, the Greek Parliament, by virtue of the article 23 of Law 4679/2018, amended the article 58 of the Greek Income Tax Code (Law 4172/2013) with regards to the statutory corporate income tax (“CIT”) rate. Such amendment provides for the gradual reduction of the Greek statutory CIT rate from 29% today to 25% for the fiscal year 2022 onwards. In particular, all legal persons and legal entities, apart from credit institutions (still subject to a 29% CIT…

NNDKP Represented the Baylor Marea Neagra Foundation Successfully in a Court Dispute

The Romanian fiscal bodies refused to authorize the VAT-exempt import of the medicines necessary for treating several serious conditions, including HIV/AIDS infection, anaemia caused by chronic renal diseases and certain types of cancer. The refusal to authorize the VAT-exempt import was issued for a donation of medicines, in the total amount of USD 3,157,984.50, imported by the Baylor Foundation to be distributed freely to patients in the state hospital network that is experiencing financial distress. “Among the years, thanks to the partnerships developed by the Baylor Foundation with American…

KG at the 10th Annual Thessaloniki Tax Forum

Panagiotis Pothos, Head of KG Law Firm's Tax Practice, moderated the very interesting panel on “Justice: a powerful institutional obstacle on tax arbitrariness" at the Thessaloniki Tax Forum on 12 November 2018. The event was organised by the American Hellenic Chamber of Commerce.  For more information, click here.  

NNDKP Celebrating 10 Years of Legal & Tax

As one of Romania’s largest and most respected business legal services providers, NNDKP brings together top-notch professionals who are innovative, resourceful and committed to constantly going the extra mile in order to become an increasingly valuable advisor to the firm’s clients. Thus, 10 years ago NNDKP was the first Romanian law firm to propose built-in legal & tax solutions through the joint offering of the legal practices and of the then – newly created tax division, NNDKP Tax Advisory Services. NNDKP’s tax professionals have been assisting clients active in the financial…

NNDKP Issued its October Edition of the Tax Newsletter

In its October edition of the Tax Newsletter, NNDKP introduces the latest tax amendments in Romania:      GEO no. 89/2018 regarding certain fiscal and budgetary measures and for the amendment and completion of certain normative acts was published in Official Gazette 854/2018. TAX ON PROFITSCertain provisions are introduced in relation to the fiscal treatment applicable to the specific operations performed as a result of the application of IFRS 9 “Financial Instruments”.INCOME TAXThe provisions related to the bonus granted for the prepayment of tax obligations and submitting…